Government Properties Income Trust (GOV) Commences 7M Share Offering
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Government Properties Income Trust (NYSE: GOV) today announced that it commenced a public offering of 7,000,000 common shares. GOV expects to use the net proceeds of this offering to repay amounts outstanding under its revolving credit facility and for general business purposes, including funding potential acquisitions.
It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 1,050,000 common shares.
The joint bookrunning managers for this offering are Morgan Stanley, BofA Merrill Lynch and RBC Capital Markets. The co-lead managers for this offering are Citigroup, Jefferies and UBS Investment Bank.
It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 1,050,000 common shares.
The joint bookrunning managers for this offering are Morgan Stanley, BofA Merrill Lynch and RBC Capital Markets. The co-lead managers for this offering are Citigroup, Jefferies and UBS Investment Bank.
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